Why A-Property attracts Chinese to Yakutsk gas project

Albert Avdolyan-owned A-Property has agreed with the Chinese company Zhejiang Energy International Limited (ZEIL, a subsidiary of the state corporation Zhejiang Energy Group) to sell 10% in the companies of the Yakut Gas Project. This was announced on January 19 by YATSEK. We are talking about the Yakutsk Fuel and Energy Company (YATEK) and Globaltech.…

Read More

Why Moldova cannot pay for Russian gas

The Moldovan government has again asked Gazprom to postpone the advance payment for January gas supplies, Deputy Prime Minister and Minister of Infrastructure and Regional Development Andrei Spinu told a news conference on January 11. “Yesterday I had a conversation with [председателем правления «Газпрома» Алексеем] “Miller, during which we tried to agree on the possibility…

Read More

Gazprom wants to build a third skyscraper in St. Petersburg

Gazprom is discussing with the St. Petersburg authorities the possibility of building a third 555-meter-high skyscraper in Lahti (Primorsky District of the city), where its headquarters are now located. This follows from a company announcement posted on its official website. It also says that the total area of ​​†‹вЂ‹ the facility may be about…

Read More

Gas prices in Europe have fallen sharply due to expectations of additional LNG consignments

Spot gas prices in Europe on December 24 fell by 18.5% to the previous day, according to the ICE exchange. At the most liquid European hub TTF in the Netherlands, January futures on Friday fell to $ 1250 per 1,000 cubic meters. m (at 18.23 Moscow time – $ 1281), on the eve of trading…

Read More

Novak explained why the price of oil in 2022 will remain stable.

Deputy Prime Minister Alexander Novak believes that sharp fluctuations in oil prices in 2022 should not be expected. The price of a barrel, according to his estimates, will remain at about $ 75. “Overall, the current levels we see today are quite stable – that is $ 75 per barrel, plus or minus 10%. It…

Read More

Why Ulan-Ude almost ran out of heat

On December 23, the authorities of Buryatia declared a state-of-the-art emergency regime after a fire at CHP-1 with a capacity of 136 MW in Ulan-Ude. This was reported by the press service of the regional government. The fire wiring as a result of a short circuit occurred around 3.30 local time and was put out…

Read More

Putin explained the reasons for rising gas prices in Europe

Gazprom is not booking the transit capacity of the Yamal-Europe gas pipeline due to the lack of applications for gas from European consumers. This was stated by Russian President Vladimir Putin at the final press conference on December 23. “Because he (” Gazprom “-” Vedomosti “) did not book this traffic, because those of his…

Read More

Russia has broken the absolute record of power plant load

Russia set an absolute record for power consumption in the country’s Unified Energy System (UES) on December 22, the Energy Ministry said. According to the agency, this figure reached 159.48 GW on Wednesday. This is 2 GW higher than the previous record set in 2012 – 157.43 GW. According to the UES System Operator (CO,…

Read More

Due to which increased oil and gas production in Russia in 2021

According to the results of 2021, oil production in Russia will be about 517 million tons, gas – about 740 billion cubic meters. m. This was announced December 22 at a briefing by Minister of Natural Resources and Ecology Alexander Kozlov. In 2020, the country, according to the Ministry of Environment, produced 50.56 million tons…

Read More

The Ministry of Environment will start issuing CO2 burial licenses in 2022

From January 1, 2022, the Ministry of Environment will begin issuing licenses for the creation of storage facilities for greenhouse gases. This was announced at a briefing on December 22 by Minister Alexander Kozlov. “We have worked out a mechanism for providing subsoil areas for the use of greenhouse gases,” he said. He stressed that…

Read More

Gas prices in Europe reached $ 2,200 per 1,000 cubic meters

Due to the intensifying energy crisis, Europe is becoming a more attractive market for gas suppliers than Asia. Traditionally, the gas market is referred to as the “Asian premium”, ie situations where the supply of liquefied natural gas (LNG) to China, Japan and other Far Eastern countries is more profitable due to higher prices in…

Read More

Rosneft has adopted a green strategy until 2030

Rosneft’s board of directors has approved the company’s development strategy until 2030. The document provides for a reduction in the carbon footprint. According to Igor Sechin, the company’s chief executive officer, the new strategy will help more than double the free cash flow (FCF) by 2030 and ensure a steady rise in the company’s value…

Read More

Gas prices in Europe are as high as $ 2,000 per 1,000 cubic meters

Spot gas prices in Europe on the morning of December 20 briefly exceeded the mark of $ 1766 per 1,000 cubic meters. m. We are talking about January futures quotes on the Dutch hub TTF. Compared to Friday, the increase was about $ 140 per 1,000 cubic meters. m, according to the ICE exchange. Later,…

Read More

Leonid Fyadun predicted a dramatic rise in oil prices

Oil consumption will be stable until 2030, followed by a sharp decline in consumption in Europe, and from 2035 also in China and the United States. This was stated by Vice President of Lukoil Leonid Fyadun on Friday at a presentation of prospects for global energy development until 2050. But current oil projects, according to…

Read More

Europe has come to terms with high gas prices for another six months

The period of high gas prices in Europe will probably last until the summer of next year. In April 2022, when the heating season in Europe ends and gas is pumped into underground storage facilities (UGS), prices will not fall below $ 1,000 per 1,000 cubic meters. m, according to Director of Research Vygon Consulting…

Read More

Gas prices are going up due to politics, shortages and cold spells

Spot prices (January futures) for gas in Europe on December 13 rose to $ 1380 per 1,000 cubic meters. m, which was a record increase since October 5. At the same time on December 10, according to the ICE exchange, the Dutch hub TTF futures cost about $ 1255 per 1,000 cubic meters. m. High…

Read More

Lukoil failed to get a blockchain in the Shah Deniz project

Lukoil will reduce its stake in the Azerbaijani Shah Deniz project in the Malaysian company Petronas, the Russian company said. It will fall from the previously stated 15.5% to 9.99%, and the deal amount from $ 2.25 billion to $ 1.45 billion respectively. Its closure is expected in January 2022. “The signing of these changes…

Read More

Why Poland is campaigning for a new antitrust investigation against Gazprom

The European Commission (EC) needs to initiate a new antitrust case against Gazprom. “There are a lot of tools in the antitrust investigation, the EC is well able to do it,” she said. Moscow added that Poland does not understand why the EC has not yet seen these grounds. She also stressed that Warsaw sent…

Read More

“T Plus” has decided to increase debts and dividends

Energy company “T Plus” will adjust the long-term strategy until 2032 adopted in 2019, laying in it the ability to stably pay dividends, told reporters on December 9, its CEO Andrei Wagner. “The old strategy from 2023 assumed zeros until 2032 – when it was impossible to pay dividends. Due to qualitative changes [в стратегии]…

Read More

Why oil prices are not infected with “amicran”

Oil prices have shown steady growth since December 2, when OPEC + member countries decided to maintain a monthly increase in production of 400,000 barrels per day, according to ICE. On December 2, after a ministerial meeting of OPEC + a barrel of Brent oil with delivery in February cost $ 69. On December 7,…

Read More

Oil prices rise on news of compliance with OPEC + agreements

Oil prices are rising after a meeting of ministers of OPEC + countries on December 2, which decided not to change the rate of increase in oil production in January 2022. According to the ICE exchange, the reference mark Brent fell on Thursday morning until 17:00 Moscow time quotes fell to $ 66 per barrel…

Read More

Russia’s CEO has left Russia’s largest solar company

Igor Shahrai, CEO of Hevel, Russia’s largest solar power plant operator, has left the company, an acquaintance of his told Vedomosti and confirmed a representative of Hevel. “That’s right, he no longer works for the company,” he said, declining to comment further. A spokesman for Vedomosti, close to the company, says a new CEO has…

Read More

“We have no problem funding gasification programs”

“The free gasification program will change the quality of life of Russians,” Russian President Vladimir Putin said in July. Its first stage – gasification of houses in gas-supplied settlements – should be completed in the next two years. During this time, according to Gazprom Interregionalgaz, 3,200,000 households will be connected to the gas. The maximum…

Read More

Will the repayment of debts to Gazprom solve Moldova’s problems

Moldovagaz has paid Gazprom for natural gas consumed in October and the first half of November this year, the Moldovan company said on November 26. Gazprom spokesman Sergei Kupriyanov also confirmed to Vedomosti that the company had received funds for current supplies. “The problem is fixed,” he said. It was about $ 74 million. Earlier…

Read More

How the printout of US strategic oil reserves will affect the market

The price of oil is rising on news of the printout of US strategic reserves and their allies. A barrel of the reference brand Brent at 18.00 Moscow time on November 23 traded at $ 80.8 (up 1.4% from the previous trading session), Texas WTI – at $ 78.2 (up 1.8%), according to ICE. On…

Read More

Chisinau to study failure of Gazprom’s payments under new contract

On November 22, Gazprom spokesman Sergei Kupriyanov told reporters that the Moldovan side had failed to fulfill its contractual obligations to pay for current gas supplies. “The next deadline for current payments is November 22 this year. In this regard, Gazprom informed the Moldovan side in accordance with the contract that gas supplies to Moldova…

Read More

The government will distribute landfills to oil service companies

The state will give the owners of drilling rigs in the oil and gas sector a so-called recycling grant, through which they will be able to reimburse part of the cost of purchasing new equipment. The relevant resolution was signed by Prime Minister Mikhail Mishustin, the document is published on the government’s website. It is…

Read More

Serbia hopes to sign a ten-year contract for 3 billion cubic meters of gas a year

Belgrade is considering concluding a ten-year contract with Gazprom, under which Serbia will buy 3 billion cubic meters from Russia annually. m of gas. This was announced on November 17 by Serbian President Alexander Vucic on Happy TV. “We will now ask President (Russian Vladimir) Putin to give us at least 3 billion cubic meters.…

Read More

Belarus has cut off oil to Europe instead of gas

The Belarusian operator of the Druzhba oil pipeline, Gomeltransneft, has restricted oil supplies to Poland for three days, Russian Transneft spokesman Igor Demin said on November 17. He clarified that the stop was connected with unscheduled repairs on one of the branches of the oil pipeline in Belarus, which is being supplied to the Adamow…

Read More

Gas prices rise in Europe amid suspension of Nord Stream 2 certification

Spot gas prices in Europe rose on November 16 amid a statement by the German regulator Bundesnetzagentur (Federal Network Agency) on the temporary suspension of the certification of Nord Stream 2 AG as an independent operator of the Nord Stream-2 pipeline. According to the ICE exchange, at 15:00 Moscow time on the Dutch hub TTF…

Read More

Rosneft’s financial results for the first nine months of 2021 exceeded analysts’ expectations

Rosneft’s net profit for the first nine months of 2021 amounted to 696 billion rubles, which is 4.6 times more than for the whole of 2020, according to the company’s report on IFRS for the third quarter. In addition, compared to the II quarter, net income increased by 35% to 314 billion rubles. ($ 4.3…

Read More

What threatens Belarus to block the Russian gas pipeline to the EU

The threats of the President of Belarus Alexander Lukashenko to block the Yamal-Europe gas pipeline in the event of the closure of the borders between his country and Poland and Lithuania, which are members of the EU, have already provoked a backlash in the EU. “In terms of gas supplies, we must make the most…

Read More

Rosneft receives about 60 proposals from abroad on cooperation in the East Oil project

Rosneft held a series of road shows of the East Oil project for foreign suppliers and contractors, the company said on November 9. They were attended by large companies, including engineering, from 15 countries in Europe, Asia and the Middle East. Representatives of embassies, relevant departments and business associations also attended the meetings. “More than…

Read More

Gazprom’s promise to pump gas into European storage facilities has cooled the market

On November 9, before 19.00 Moscow time, the price of December gas futures at the largest TTF hub in the Netherlands was $ 906 per 1,000 cubic meters. m, i.e. 5.5% below the price of the previous trading session. On that day, Gazprom announced that it had “approved and launched a plan to inject gas…

Read More

In Kiev, believe that Russia does not allow Kazakh coal to Ukraine

On November 4, the head of the Verkhovna Rada Committee on Energy and Housing Andrei Gerus said on social media that Russia was preventing the transit of coal from Kazakhstan to Ukraine. “Technically, the blocking is at the level of Russian Railways, which does not confirm the passage of cars with such coal,” he said.…

Read More

What to expect from tomorrow’s OPEC + meeting

The meeting of the OPEC + member states scheduled for November 4, which will determine the further parameters of the deal to limit oil production, should not come as a surprise, analysts interviewed by Vedomosti say. “The parties to the deal have clearly spoken out in support of the current plan to gradually increase production…

Read More

Can oil reach $ 120 a barrel in 2022?

Oil in 2022 could reach $ 120 per barrel, analysts at Bank of America. The reason for this in the bank called the energy crisis and growth in all energy sources, including gas and coal. This is one of the most radical “bullish” forecasts for oil prices in recent months. The bank’s statement came amid…

Read More

Serbia and Hungary were temporarily left without Russian gas

Gas supplies to Romania, Serbia and Hungary via Bulgaria were suspended on November 1st due to an accident on the Bulgarian section of the Balkan Stream gas pipeline. The emergency, which violated the integrity of the pipeline, occurred at about 04.00 Moscow time in the village of Vetrina in the northeastern part of the country,…

Read More

Moldova has persuaded Gazprom to tie the contract to oil

On October 29, Moldovan Moldovan and Russia’s Gazprom signed a new five-year agreement to supply Russian gas to Moldova. According to Deputy Prime Minister of Moldova Andrei Spinu on social networks, deliveries will start on November 1. “The talks included many rounds of discussions, in various formats – both with Gazprom in St. Petersburg and…

Read More

Polish PGNiG asks Gazprom to reduce gas prices

The Polish gas monopoly PGNiG has sent an application to Gazprom to review pricing under the so-called Yamal contract. It was concluded in 1996 until December 31, 2022, provides for pumping an average of 10 billion cubic meters. m of gas per year. PGNiG head Pavel Maewski explained that the Polish company was asking Gazprom…

Read More

Moldova is looking for an alternative to Gazprom.

On October 27, the Moldovan state-owned company Energocom announced a third tender for the purchase of 1.5 million cubic meters. m of gas, according to documentation on the company’s website. Until the winner was selected. Delivery time – October 28, checkpoints – “Alekseevka” (Ukraine), “Todiresti” (Romania) or Moldovan Tagatina or Causani. Earlier, on October 25…

Read More

Kazakh miners are offered to pay for electricity from Russia

Inter RAO wants to export electricity to Kazakhstan, Alexander Panin, head of the trading unit and member of the board of Inter RAO (electricity export-import operator), told journalists. According to her, the possibility of commercial supply to this country in November-December 2021 is being discussed for the first time. The energy systems of Russia and…

Read More

Russia’s gasification level remains low

The Federation Council (SF) noted the low level of gasification of Russian regions. With an average of 71%, a number of areas do not reach even 20%. Thus, the Altai Territory at the beginning of 2021 was gasified by only 13.1%, complained at yesterday’s meeting of the Council on Gasification, the head of the SF…

Read More

Europeans are arguing about ways out of the energy crisis

EU energy ministers held an extraordinary meeting of the EU Transport, Telecommunications and Energy Council in Luxembourg on 26 October. It discussed ways out of the European energy crisis against the background of abnormal growth of energy prices in the summer – autumn 2021, especially gas. Europe has entered the 2021/22 heating season with a…

Read More

Ukraine wants to become “Nord Stream – 2”

After the completion of the Trans-Baltic Nord Stream-2 gas pipeline, Kyiv has finally decided to offer competitive commercial terms for the transit of Russian gas. Ukraine is ready to give Gazprom a 50% discount on gas transit to Europe under additional contracts, President Vladimir Zelensky said on October 22. He explained that it is a…

Read More

The Ministry of Energy wants to change the tender for the construction of power plants for BAM

The Ministry of Energy proposes to change the terms of the tender for the construction of a generation for energy supply of the Badaibinsky district of the Irkutsk region to expand the Eastern landfill (BAM and Transsiba). This issue was discussed on October 20 at a meeting with the director of the Department of Energy…

Read More

The head of the EC formulated five principles for overcoming the energy crisis

European Commission (EC) President Ursula von der Leyen has formulated basic principles for overcoming the energy crisis. She announced them, as has become fashionable among American and European politicians, in her Twitter. These proposals are likely to be considered at the summit of EU (EU) leaders on October 21-22. The head of the European Commission…

Read More

The Ministry of Energy wants to extend the modernization of thermal power plants after 2031

The Ministry of Energy considers it necessary to extend the program of modernization of thermal power plants (CES) at the expense of the energy market, said Minister Nikolai Shulginov on October 14 during the forum “Russian Energy Week” (REN). “We will come up with such a proposal,” he said. He added that the main emphasis…

Read More

“Systemic defects” of the gas market: how Putin explained the causes of the energy crisis

“There is no need to translate from a sick head to a healthy one,” President Vladimir Putin said at a plenary session of the Russian Energy Week forum on October 13, explaining the causes of the energy crisis in Europe (quoted by Interfax). “All the last decade, European energy has been undermined by systemic flaws…

Read More

Putin has slightly cooled the European energy market with verbal interventions

Gas and coal prices in Europe went down after a record set on October 6, when these energy resources traded at $ 1970 per 1,000 cubic meters. m and $ 280 per 1 ton, respectively. November gas futures on the most liquid TTF hub in the Netherlands during the day on Thursday, October 7, fell…

Read More

Europeans do not know the means against the energy crisis

The energy crisis in Europe is reaching alarming proportions: on October 6, gas and coal prices at European hubs renewed historic highs. “The global energy market does not tolerate hustle and bustle, investment plans here should be long-term. Therefore, drastic reckless actions can lead and, judging by the current market situation, already lead to serious…

Read More

OPEC + did not force the increase in oil production

At a meeting following a meeting of the monitoring committee on October 4, the ministers of the OPEC + countries decided to follow the plan adopted in July, according to which oil production will be increased by 400,000 barrels per day (bpd) in November. According to the agreement, Russia can produce 9,913,000 bpd from November.…

Read More

“Climate Conservative” becomes Deputy Minister of Energy

Pyotr Babylev, 41, has been appointed the fifth deputy energy minister. This position has remained vacant since mid-July 2021 after the departure of Anatoly Yanovsky. He became Deputy Minister in 1998. The name of the department in charge of fuel and energy in the government has changed several times during this time, so Janowski managed…

Read More

Record expensive gas makes it cost-effective to generate electricity even from oil

Ongoing rising gas prices in Europe and Asia have boosted economic incentives to switch from gas to oil in electricity production, according to a report by Norwegian think tank Rystad Energy. According to the company’s experts, if the gap between the prices of liquefied natural gas (LNG) and oil remains at a significant level, Asian…

Read More

Oil will remain the main fuel until 2045

Oil will be the main fuel in the world energy balance until 2045, despite the development of renewable energy sources (RES), according to a report by OPEC World Oil Outlook, published on September 28. According to the study, in 2020 oil accounted for about 30% of energy. Against the background of the recovery of the…

Read More

The energy market did not agree with Chubais’ call for coal-fired thermal power plants

In Russia, replacing coal with gas and green energy – wind (WPP), solar (WPP) or small hydropower – is not always possible and profitable. Such conclusions were reached by energy market participants and experts interviewed by Vedomosti, commenting on the statements of the Russian President’s Special Representative for Sustainable Development Anatoly Chubais. “Building a new…

Read More

Europe will not be able to store enough gas for the winter

Europe will not have time to fill its underground gas storage facilities (UGS) before the start of the heating season, said on September 17 the chairman of the board of “Gazprom” Alexei Miller at a plenary session of the International Business Congress. On September 17, according to Gas Infrastructure Europe, European underground storage facilities were…

Read More

Poland does not want to extend its contract with Gazprom after 2022

Poland is not going to extend the contract with Gazprom for the supply of Russian gas, which is valid until December 31, 2022, said on September 16, the Commissioner for Strategic Energy Infrastructure Peter Naimsky. “We will not extend the contract with Russia’s Gazprom,” the official told Siódma9.pl. He explained that Warsaw expects to start…

Read More

Analysts expect a new rise in coal prices in Asia

The average cost of thermal coal in Asia (FOB Newcastle) in the IV quarter of 2021 could rise to $ 190 per 1 ton, according to a review of the American investment bank Goldman Sachs. Earlier, the bank forecast prices at $ 100 per 1 ton, ie. the score is now almost doubled. Goldman Sachs…

Read More

German regulator officially launches Nord Stream 2 certification

The Federal Network Agency of Germany (Bundesnetzagentur, BNA) has received documents for the certification of the Swiss Nord Stream 2 AG as an independent gas transmission operator. This was reported by “Interfax” with reference to the agency’s spokesman Fit Wolfe. Gazprom-owned Nord Stream 2 AG owns the Nord Stream-2 gas pipeline. Wolfe clarified that according…

Read More